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Daily Archives: May 15, 2020

New state order: Perth hub still in play as AFL heaps praise on WA clubs

“You can whinge and spit the dummy or you can get on with it … they’re getting on with it and they’re going to make the best of it. So it’s a credit to them.” McLachlan revealed Fremantle and West Coast would be accommodated at The Pines Resort and the …

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Charter Hall flexes balance sheet strength as property index slumps

Loading “The group’s development pipeline continues to grow, such as at 555 Collins Street, Melbourne, providing significant opportunities to deploy capital, with $3 billion in committed projects that will deliver high-quality, long-leased assets for the funds and drive incremental fund returns,” Mr Harrison said. “The $4.3 billion uncommitted pipeline also …

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Mirvac pivot prompts build-to-rent boom

Its new Melbourne project will be accompanied by a smaller 20-storey tower with 45,500 square metres of office space. Loading Both buildings will have about 1800 sq m of retail outlets in a new arcade link and public plaza along Siddeley Street, according to architects Fender Katsalidis, who designed the …

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Beyond Blue leaves leafy Hawthorn for new city digs

Beyond Blue chief business officer Mark Burke said the existing Hawthorn lease expires on May 31. “We chose to move to a central location because it offered better accessibility for the community and staff. The new arrangement also offers better value for money,” Mr Burke told Capital Gain. Former prime …

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There’s a lot to worry about in the economy, but here’s what matters most

But they’re not talking about the economy, they’re talking about the budget. It was the budget they’d finally got back to balance after six years in office and were set it get back into surplus this year before the virus upset their plans. They were saying, at least we’d got …

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‘Peak oil’ risk returns – but with a twist

With transportation accounting for 60 per cent of global oil consumption, demand has evaporated on a never–before–seen scale. Things were made profoundly worse when talks between Saudi Arabia and Russia broke down in March, triggering an all–out price war that unleashed even more supply. Benchmark oil prices Brent and West …

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Mirvac, Coombes Property get go-ahead for Sydney’s new $1b residential tower

It will be next door to the ASX-listed hospitality giant Event Hospitality and Entertainment’s planned $225 million apartment and hotel tower, at 525 George Street. Mirvac is managing the project on behalf of Coombes Property Group, with architects Ingenhoven and Architectus selected following an international design competition. The planning consent …

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Alinta still to meet FIRB conditions as privacy investigation underway

Alinta senior executive Daniel McLelland replied: “That’s correct, Senator.” The Senate committee, chaired by Senator O’Neill, called Alinta, EY, Electricity Monster and the privacy commissioner, in response to a series of media articles written by The Age and The Sydney Morning Herald that revealed serious deficiencies in Alinta’s protection of …

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Australia secures European support for independent pandemic probe

The escalation could further anger the Chinese Communist Party, which has condemned the “politically motivated” probe after the United States and Britain backed Australia’s calls. The European Union’s support bolsters the chance of the inquiry passing the World Health Organisation’s governing forum on May 18 as China canvasses support among …

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Hospitals face backlog of 400,000 patients waiting for elective surgery

Research by the international CovidSurg project, published in the British Journal of Surgery on Friday, estimated more than 400,000 elective surgeries – including 25,000 cancer surgeries – were cancelled in Australia due to COVID-19 restrictions on elective surgery. Newcastle colorectal surgeon Peter Pockney, a member of the organising committee for …

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